23) Ukraine expects to receive $21 billion in foreign direct investment in 2011-2012, 40% of it from foreign investors.

25) Ukraine’s infrastructure investments for the European Football Championship Euro 2012 include $2 billion for airports, $4 billion for high-speed rail, and over $1 billion for highways and stadiums.

26) Ukraine plans to develop the Northern European model of highways within 5 years.

27) At an International Economic Forum in September 2010, German and Swiss companies pledged to invest €185 million in the Kharkov region of Ukraine.

Ukrainian-Russian Economic Cooperation

28) In November 2010, Russia and Ukraine agreed to a 10-year program on economic cooperation, that included 19 joint projects costing a total of $48 billion.

29) Ukrainian-Russian trade exceeded $35 billion in 2010 toward a long term target of $100 billion.

30) In 2010, Ukraine signed a nuclear power plant deal with Russia valued at $5-6 billion.

Privatization in Ukraine

32) In 2011, Ukraine intends to accelerate the privatization of industrial enterprises, such as telecom providers, power utilities and power distribution companies, chemical manufacturers, and seaports.

33) In the first privatization of 2011, Austrian investment firm EPIC bought a 92.79 percent stake in Ukraine’s main fixed-line operator Ukrtelecom from the Ukrainian government for $1.3 billion.

Energy in Ukraine

34) Ukraine produces about 100,000 barrels of oil per day.

35) Ukraine produces over 20 billion cubic meters of natural gas per year, and has proven reserves of over 1 trillion cubic meters.

36) Ukraine has five nuclear power stations with fifteen reactors with a total power output of 13.6 thousand MW, 47 thermal power stations with a total power output of 32.4 thousand MW, 6 large hydraulic power stations on the Dnieper and 55 small stations on other rivers.

37) Ukraine is a member of the EU Energy Community.

38) Ukraine’s energy strategy is for 20% of energy to come from renewable energy sources by 2020.

39) Ukraine’s feed-in tariff for renewable energy is nearly twice that of some G8 members.

46) 15 wind power parks with €7 billion in planned investment are in progress in Crimea, Ukraine, and two solar power plants have been commissioned in Crimea, toward a goal of 750MW of wind energy and 1000MW of solar energy in Crimea.

47) Ukraine plans to build 52 hydroelectric power plants in the Ivano-Frankovsk region.

National Innovation Project

48) The Government of Ukraine plans to apply the best practices of Silicon Valley, Singapore, and Skolkovo in its National Innovation Project.

49) Ukraine is planning to construct a Technopark in Borispol, Kiev Oblast.

50) Ukraine will create a University of Innovation and Nanotechnology.

51) Ukraine created a new Council of Domestic & Foreign Investors that includes the CEOs of Microsoft and other multinational corporations.

IT Outsourcing in Ukraine

52) Ukraine has the world’s 5th largest and fastest growing IT outsourcing services market in the world, with revenues in 2011 expected to reach $1 billion

53) There are over 4,000 IT companies and about 300 ISPs in Ukraine, employing over 100,000 hardware, software and IT consulting professionals.

54) Ukraine has about 20 major IT educational centers producing about 30,000 IT-graduates annually with bachelor, MSc or PhD diplomas.

55) The cost of employing a software developer in Ukraine, or outsourcing IT business solutions development to Ukraine, is still about one-half of the cost of doing so in the EU or the US.

56) The IT industry in Ukraine is trending from system integration and development of “turnkey” information systems to Build-Operate-Transfer (BOT) and IT business solutions adapted for a long-term perspective.

Telecommunications in Ukraine

57) The telecom services market in Ukraine has annual revenues of more than $1 billion.

58) There are more than 55 million mobile telecom subscribers in Ukraine (higher than 100% saturation).

59) Ukraine has an internet penetration rate of greater than 33%, or over 15 million users.

Transportation in Ukraine

60) Ukraine has 425 airports and 7 heliports.

61) Ukraine has over 20,000 km of railways, nearly 17,000 km of roadways, and over 20,000 km of waterways.

68) Machine-building is the largest Ukrainian industrial sector, and the largest machine-building subsectors in terms of their employment are instrument-making, tractor and agricultural machinery building, electric engineering, automobile building, chemical and petrochemical engineering, and machine-tool construction.

69) Ukraine also manufactures science-intensive and highly technological machines and equipment, including the development of the rocket and space industry, aircraft building, production of advanced tankers and large-tonnage vessels, fabrication of turbines for nuclear power plants, highly-efficient gas-pumping installations, equipment for high-voltage power transmission lines, etc.

Automotive Manufacturing

70) Ukraine produced about 70,000 cars in 2010, and total car production in Ukraine is expected to grow 20-22% in 2011 and reach 271,600 units per year by the end of 2014.

72) Ukraine is one out of just nine countries worldwide currently designing and building transport aircraft as well as top-class civil aircraft.

73) The Antonov Aircraft Plant manufactures the An-124 Ruslan, the world’s most power aircraft, and the An-225 Mriya (Dream) aircraft, which has been recognized by the International Aviation Federation as having scored 124 world records.

Shipbuilding in Ukraine

74) The Ukrainian shipbuilding industry is a complex of colleges, universities and research centers; experienced design bureaus; 9 shipbuilding yards with different capacities and specialisation; and a number of ship repair yards.

75) Its close geographical location to European Union, combined with availability of up-to-date design bureaus, powerful production facilities of shipyards, experienced labor force, presence of strong national metallurgic industry make the Ukrainian shipbuilding industry very attractive alternative to distant shipbuilding centers.

Agriculture in Ukraine

76) Ukraine, once “the breadbasket of the Soviet Union”, has the potential to become “the breadbasket of Europe”.

77) Among all the European countries, Ukraine is a leader in growing of sugar beet, buckwheat and carrot; second place in growing of wheat (after Russia) and of tomato (after Poland).

78) The market for wheat, barley, sunflower and canola, also grown in Ukraine, has been excellent.

79) More than 60% of Ukraine is covered in Black earth top soil.

80) 28% of the population work in or are involved in agriculture, and labor is inexpensive.

81) Ukraine plans to allow the purchase of farm land in 2013.

Chemicals and Petrochemicals

82) The multi-branch chemical sector of Ukraine includes chemical, petrochemical and chemical-pharmaceutic sub-sectors with over 1,600 enterprises and structural units.

84) At the present time there are 58 companies manufacturing drugs in Ukraine, mostly producing lower-priced products, such as generic drugs and vitamins.

85) Two of the countries giants in the Ukrainian pharmaceutical industry, Kyivmedpreparat and Halychpharm received the Ukrainian Government’s approval to merge and form Arterium Corp, which will be involved in the research, marketing and distribution of new medical products.

86) Nonetheless, pharmaceuticals imported into the country accounted for 62 per cent of the Ukrainian drugs market; therefore, there is a huge market potential for drug manufacturers willing to establish research, marketing, manufacturing, and distribution in Ukraine.

87) The compound annual growth rate (CAGR) of generic medicines is projected to be 31% in Ukraine in local currency between 2011 and 2013, and by way of comparison, the innovative drug subgroups will develop on average by 14% per annum.

89) The FMCG sector In Ukraine has considerable production, research and labor potential, but its production capacities are not fully utilized; thus, vast reserves of the sector are potentially available to strategic investors.

Retail in Ukraine

90) The Fozzy Group, the largest retailer in Ukraine, increased their revenues by 37.5% in 2010 on a 6% y-o-y increase in retail trading space.

91) Grocery retailers on the Ukrainian retail market increased their total retail trading areas by 6% y-o-y in 2010 to 2.1 million m².

93) The Ukrainian retail industry is still unconsolidated, with the top 10 retail operators accounting for less than 25% of the total share, and thus M&A opportunities exist for strategic investors

Hospitality in Ukraine

94) More than 12 million foreign tourists visit Ukraine each year, to see the Carpathian Mountains, the coastline of the Black Sea, the Dnieper River, vineyards, ruins of ancient castles; ancient churches, cathedrals, and monasteries; world-class opera and ballet, and more

95) In the Ukrainian resort and hotel industry, demand greatly exceeds supply; there are many resorts and tourist places which are up for sale and many of them have put out proposals for investments

96) The Government of Ukraine is still seeking investors to build hotels for the one million football fans anticipated to attend the European Football Championship Euro 2012

Political Stability in Ukraine

97) Ukraine has a popularly elected President who is favored to win re-election in 2015, and a ruling coalition in the Ukrainian parliament headed by the President’s party that is expected to solidify their majority in the next parliamentary election in 2012

Anti-Corruption Law

98) In March 2011, the Ukrainian parliament, the Verkhovna Rada, passed a tough anti-corruption law that was praised by the EU

Crime Rate in Ukraine

99) With the exception of software piracy, Ukraine’s crime rate is below that of many industrialized nations

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ForeignUkraine24 is a one stop spot for foreigners in Ukraine. The platform covers all major areas which are directly or indirectly associated with foreigners in Ukraine. ForeignUkraine24 was founded with the sole aim of having a reliable source of both formal and informal information at the fingertips of every foreigner in Ukraine, and that is why we made all efforts to make the platform user friendly. The website has been optimized for all media types including mobile phones.
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